BMW opens door to tech alliances: sharing costs may help independent car maker rev up profit growth
Article Abstract:
Second-quarter net profit for BMW AG dropped 23% even though revenue rose by 7.3%. BMW seeks to curb costs by forming alliances with other auto manufacturers; deals include the development of hybrid drive technologies with DaimlerChrysler and General Motors, and building four-cylinder engines for models with Peugeot.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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BMW's net profit increases 78%
Article Abstract:
Third-quarter net profit for German auto maker BMW AG rose by 78% to reach $1.16 bil, fostered by increased car sales and a positive influence from a change in the nation's corporate tax policy. Revenue rose by 19%, while car sales were up by 13%, totaling 364,564 vehicles.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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